Virgin Limited Edition, Sir Richard Branson's luxury collection of award-winning retreats is excited to announce that it has reached a preliminary agreement to purchase a new property - Mont Rochelle Hotel and Mountain Vineyard in South Africa, which would become the latest addition to the already eclectic portfolio.
Minor Hotel Group (MHG), operator of over 100 hotels, resorts and serviced suites in 14 countries across Asia Pacific, the Middle East, Africa and the Indian Ocean, is pleased to announce the addition of three properties in Mozambique to its portfolio and a 25% equity investment in the properties. They will be reflagged to MHG's Anantara and AVANI brands later this year and take the total number of MHG properties in operation to 108 and the total number of rooms to over 13,000.
Arne Sorenson, CEO & president of Marriott International, discusses his company's acquisition of the largest hotel company in Africa. Marriott International, Inc. became the largest hotel company in Africa according to published information, and nearly doubled its presence in its Middle East and Africa region to more than 160 hotels and 23,000 rooms as it completed its acquisition of the 116-hotel Protea Hospitality Group (PHG), based in South Africa. Marriott now operates or franchises more than 4,000 hotels in 79 countries.
Marriott President & CEO Arne Sorenson was recently interviewed during a panel discussion at the Economic Club of Washington. Sorenson highlighted Marriott's global growth, company performance and talked about a couple of his favorite hotels. Sorenson was joined by Hilton Worldwide's President & CEO Chris Nassetta.
The Africa Hotel Investment Forum (AHIF), which is the premier hotel investment conference in Africa, attracting many prominent international hotel owners, investors, financiers, management companies and their advisers, will head back to Kenya's capital, Nairobi later this year. AHIF will be held at the InterContinental Hotel on September 30 – October 1st 2014.
Meliá Hotels International signed an agreement to manage three new hotels under the Meliá Hotels & Resorts brand, to be developed in the tourist destination of Saidia Med, including a beach hotel, club hotel and luxury serviced apartments. Meliá Hotels International has joined forces with SDS, a partnership between the major Moroccan group CDG and the Moroccan Tourism Development Fund.
Arne Sorenson, CEO & President of Marriott International, discusses his hotel's plans for global expansion and creating jobs in the industry. Marriott International, Inc. and South Africa's Protea Hospitality Holdings yesterday announced that they have signed definitive agreements for the purchase by Marriott of Protea's three brands and management company.
Marriott International, Inc. (NASDAQ: MAR) and South Africa's Protea Hospitality Holdings announced today that they have signed definitive agreements for the purchase by Marriott of Protea's three brands and management company. Under terms of the agreements Marriott will pay approximately 2.02 billion rand, or approximately US $186 million at current exchange rates, subject to normal closing adjustments. The purchase price represents approximately 10 times anticipated pro forma 2014 calendar year EBITDA (earnings before interest, taxes, depreciation and amortization) excluding transaction costs.
Imagine yourself encapsulated within a turquoise blue bubble, watching shoals of reef fish swimming lazily by – sometimes in three or four layers of different species above the reef floor. This is the heart-stopping experience that awaits you in the underwater room. The floating structure, Swedish engineered, provides three levels, those above the water clad in local hardwood, and each an experience in itself.
Marriott International, Inc. (NASDAQ: MAR) today said it has signed a letter of intent with Protea Hospitality Holdings of Cape Town, South Africa to acquire Protea Hotels' brands and its management business that operates or franchises 116 hotels across three brands with 10,184 rooms in South Africa and six other Sub-Saharan African countries. The transaction would nearly double Marriott's distribution in Africa to more than 23,000 rooms, and would also provide Marriott with a proven operational platform and leadership team to accelerate Marriott's expansion plans and solidify its leadership position in the dynamic and growing African hotel market. [Click here for images and b-roll.]
Carlson Rezidor, one of the ten largest and most dynamic hotel groups worldwide, announces the Radisson Blu Le Vendome Hotel Cape Town in South Africa. The upper upscale property featuring 143 rooms is scheduled to open within the next six months. Formerly known as "Hotel Le Vendome" and a local landmark, the property is undergoing renovation and refurbishment in order to be re-positioned as one of Cape Town's leading upper upscale addresses. The Radisson Blu Le Vendome Hotel brings Carlson Rezidor's strong portfolio in Cape Town to five hotels in operation and under development.
Marrakech is a city that shows significant potential for tourism: the number of airport passengers and hotel overnights grew considerably year-on-year from 2004 to 2008, and rebounded in 2010 after the global slowdown caused falls in visitation. This demand for the city came from all market segments, in particular leisure and MICE visitation.
Carlson Rezidor, one of the largest and most dynamic hotel groups worldwide, announces their very first project in Algeria: The Radisson Blu Hotel, Algiers Hydra featuring 138 guest rooms is scheduled to open in Q1 2015. “We are delighted to arrive in Algeria – a country with considerable growth potential where we aim to further strengthen the presence of our core brands Radisson Blu and Park Inn by Radisson”, said Wolfgang M. Neumann, President & CEO of Rezidor.
Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into a management agreement with ASB Holdings Limited for two Hyatt-branded hotels in Tanzania – Park Hyatt Zanzibar and Hyatt Regency Arusha. The hotels will join the previously announced Park Hyatt Marrakech and Hyatt Place Taghazout in Morocco, as well Hyatt Dakar in Senegal. There is currently one hotel in Tanzania, Hyatt Regency Dar es Salaam, The Kilimanjaro, which opened in 2011.
Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into a management agreement with Lacoste & Cie S.A. for a new Hyatt hotel in Senegal’s capital city, Dakar. Hyatt Dakar will become the first Hyatt-branded hotel in Senegal, joining the previously announced Park Hyatt Marrakech and Hyatt Place Taghazout in Morocco, as well as Park Hyatt Zanzibar and Hyatt Regency Arusha in Tanzania.
PwC's team of hospitality specialists provide an unbiased overview of how the hospitality industry in South Africa is expected to develop over the coming years. The publication focuses on the following major industry segments: hotels, guest houses and farms, caravan/camping sites, bush lodges and other accommodation. It details the key trends observed and challenges facing these sectors as well as considering their future prospects. South African hospitality outlook: 2013-2017 demonstrates deep knowledge of the local hospitality market and is a powerful tool for understanding critical business issues.
From 1st October 2013, the Warwick International Hotels Group (WIH) will join with South African partner based Recreation Africa Group (RAG), to form a joint venture to expand its international network of hotels throughout sub -Saharan Africa through management contracts under the WIH brand.
Minor Hotel Group, a hotel owner, operator and investor, has announced the formation of a long term strategic partnership agreement with Rani Investment, the owner of high end resorts across Africa. The two organizations have formed a joint venture company for ownership of Indigo Bay Resort & Spa in Mozambique, with plans for further expansion in Africa.
Carlson Rezidor Hotel Group, one of the ten largest hotel companies worldwide and a leading international hotel operator on the African continent, announces the Park Inn by Radisson Abuja Kaura in Nigeria. The full service mid-market property featuring 150 keys is scheduled to open in Q1 2015.
HotelBeat from Whitebridge Hospitality this month focuses on Tripoli in Libya. The team at Whitebridge Hospitality has a strong track record of advising clients on hospitality- related projects in Libya. Following the revolution, we have made various trips out to the capital, and this HotelBeat incorporates recent data and information from a hotel study that we have just completed. We do hope you find this information useful. Should you have any specific questions relating to Libya, or wish to discuss any other requirements that Whitebridge Hospitality may be able to assist you with, please do not hesitate to get in touch.